News and resources for Canada's top financial advisors
Industry
There is a growing number of people with qualifications to be financial planners. Problem is, if they can’t sell, there’s not a lot of opportunity for them. A panel of industry recruiters at the 2009 Financial Planning Standards Council’s (FPSC) Financial Planning Symposium in Toronto emphasized there is a need for new advisors, but if […]
By Mark Noble |October 6, 2009
4 min read
Despite frequent warnings that the economic recovery remains fragile, Canadians are becoming more optimistic about investing, according to a national survey by Manulife Financial. It is the third consecutive quarterly rise in the Manulife Investment Sentiment Index, with investor confidence rising for eight of 10 investment categories and vehicles. “Canadians appear to be more optimistic […]
By Staff |October 6, 2009
3 min read
HighView Financial Group has struck a deal to acquire all outstanding shares of Dan Hallett & Associates Inc. The transaction is subject to regulatory approval. “Through his deep understanding of mutual funds and fund managers and regular insightful commentary Dan Hallett has become one of the most respected and well known mutual fund analysts in […]
2 min read
September is traditionally a troubled month for the investment industry, and though mutual fund returns were largely positive, actual sales were in negative territory, according to preliminary data from the Investment Funds Institute of Canada (IFIC). The industry posted net redemptions of between $475.9 million and $975.9 million for the month. If there is a […]
By Steven Lamb |October 5, 2009
The return of investors to the market is giving a boost to the exchange-traded funds sector, according to one provider of these vehicles. For details, and to read other financial services industry updates, click the “full story” button below. PARAGRAPH: The return of investors to the market is giving a boost to the exchange-traded funds […]
By Staff |October 5, 2009
5 min read
Setting out a vision statement for the next 10 years, the largest financial planning standards body in Canada held a symposium in Toronto on Monday, where the topic of regulating and defining what it means to be a financial planner was front and centre. Outside of Quebec, anybody can call themselves a financial planner, and […]
By Mark Noble |October 5, 2009
IA Clarington, a subsidiary of Industrial Alliance, has announced plans to purchase the SRI mutual fund business of Inhance Investment Management from its current owner, Vancity, one of Canada’s largest credit unions. The purchase price was not released, but the proposed deal also involves a long-term distribution agreement between Industrial Alliance and Vancity, under which […]
By Doug Watt |October 2, 2009
International regulators should narrow the focus of their mandates, while insurers must re-evaluate their use of modeling, according to the head of the Office of the Superintendent of Financial Institutions (OSFI). Speaking at the National Insurance Conference of Canada (NICC) in Ottawa, Superintendent Julie Dickson told a ballroom of C-suite professionals in the P&C space […]
By Romana King |October 2, 2009
The Institute of Advanced Financial Planning held its annual symposium on October 1 and 2. Below is Mark Noble’s coverage of the event, live from London, Ont. • • • RFPs see glimmer of recovery: Anybody holding themselves out as financial planner has a fiduciary obligation to educate clients about exchange traded funds and the […]
By Staff |October 2, 2009
1 min read
(London, Ont.) — Anybody holding themselves out as financial planner has a fiduciary obligation to educate clients about exchange traded funds and the research that supports their usage, says one planning expert. The opening speaker at the Institute of Advanced Financial Planners, Shawn Brayman, founder and president of PlanPlus, says there is a global push […]
By Mark Noble |October 2, 2009
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